Word: zelomek
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...recession, says Harvard's Economist Sumner Slichter, is "no more than a momentary drop in employment and production"-and the U.S. "is in one right now." "Of course we're in a recession," agrees Economist A. W. Zelomek, president of the International Statistical Bureau. But Zelomek's idea of recession may startle many businessmen. "At the bottom," says he, "we'll be way above the prosperity levels of pre-Korea." Staff Chief Grover Ensley of the Joint Committee on the Economic Report has still another view of what is happening. Says he: "We are getting into...
...Chicago, A. W. Zelomek, president of the International Statistical Bureau, Inc., took a gloomier view. Recession, he said, is ahead. He foresaw 1949 as "a year of deflation," one which, while not as severe as the 1920-21 postwar collapse, would last longer...
From able Economist A. W. Zelomek of Fairchild Publications, now dollar-a-year man with OPM, the delegates got a good idea of how potentially explosive the price situation was. On a chart he showed that total U.S. production had risen sharply last year until about October. Then, as the U.S. neared the limit of present productive capacity, it reached a plateau which can slope upward only slowly in the future. But the amount of production going into armament had increased sharply since October, would increase even more in the future. Henceforth production heretofore taken by civilians would have...
...Zelomek believed the Government could halt the inflationary spiral with its present controls (inventory pools, priorities, taxation of consumer incomes, OPACS price ceilings, etc.). Only trouble was that some of the measures (like ceilings on wages and farm prices) were political dynamite. Problem: would the Government have the guts? Burly Leon Henderson told the delegates the Government would. He said that OPACS was ready to crack down on any situation, including wages, that got out of line. (Last week he voiced some opposition to railroad labor's demand for a 30% raise.) Getting down to fundamentals, he even threatened...
Textile Economist A. W. Zelomek forecast as much as a 15% price increase in goods made from virgin wool, a 5% increase in goods made from reworked wool...